The campaign organiser presented the petition at Nationwide’s headquarters on Thursday as he called for other members to back the campaign.
Nearly 1,000 people have signed a petition calling for Nationwide Building Society to give its 16 million members a vote over its decision to buy rival lender Virgin Money in a deal worth around £2.9 billion
Sir Richard Branson’s Virgin Group is set to net more than £400 million from the sale, as he still has a 14.5% stake in the bank – which he founded in 1995. But Mr Armstrong is among the building society members to argue that the deal is not in the best interest of members. Nevertheless, its own rules state that it will call a special general meeting if requested by 500 members, who have been customers for two years and who each agree to pay a deposit of £50.
But he urged members to do so by the end of Friday, to avoid a “lock-out” period when the building society is no longer able to call a meeting.
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